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Corporate & Special Events Fine Food Catering-$353K in SDE

Manhattan, NY (New York County)

Corporate & Special Events Fine Food Catering-$353K in SDE
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Asking Price: $899,999

Cash Flow: $346,000

Gross Revenue: $1,266,262

EBITDA: $309,265

FF&E: $21,000

Inventory: N/A

Rent: $5,300 /Month

Established: 1985

Corporate & Special Events Fine Food Catering-$353K in SDE

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Business Description

The Company is a special events service provider offering event planning and fine food catering for private parties, high-profile corporations, organizations, and individuals. The Company operates from two leased facilities which includes 1,500 square-feet of office space and 1,000 square-feet of storage area. Offering these services requires trained personnel with industry experience and food preparers who consider the presentation of food and beverages an art. The Company has a proven track record supported by 33 years of ongoing business. With its niche range of services, the Company’s marketing efforts focus on targeting high-end businesses, organizations, and individuals within Manhattan and surrounding areas. Revenues have been increasing 8.7% over the past five years due to an increase in corporate events. The Company’s Trailing 12 Months total revenue was $1,266,262 with Discretionary Earnings of $346,000 rounded. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Location:
Manhattan, NY
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates out of two leased facilities which includes 1,500 square-feet of commercial office space and 1,000 square-feet of storage area. The office space is on a five year lease and expires in one year. In addition, the storage space lease is year to year and both leases have the option to renew.
Reason for Selling:
Retirement
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Keith Campbell

Business Listed By:
Keith Campbell

Exodus Business Solutions

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